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#258906 - 24/06/2005 04:57 Old (pre-Euro) European currency (Germany and UK)
TigerJimmy
old hand

Registered: 15/02/2002
Posts: 1049
Hi everyone,

I finally went through some old boxes and found some money from a trip to Europe back in 1998. It's not a lot of money, in fact it's exactly 60 Pounds (I don't know how to make the funny L) and 10 Deutsche Mark.

Does anyone know if this can be exchanged without going to Europe? I think the UK money is still valid, but the Deutsche Marks are no longer legal currency. Is that true about the UK money?

According to some web research, I can exchange the DM to Euro at any "German National Bank" at any time (no expiration date). Does anyone know if I can do this from the USA, by mail, perhaps?

I don't even know what 10 DM is worth, so it might not be worth the bother. On the other hand, 60 pounds is enough to do something about...

Ideally, if the money is good, I'd like to just send it to PCA for a partial payment of a memory upgrade.

Any other thoughts would be appreciated.

Thanks in advance,

Jim

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#258907 - 24/06/2005 05:06 Re: Old (pre-Euro) European currency (Germany and UK) [Re: TigerJimmy]
bonzi
pooh-bah

Registered: 13/09/1999
Posts: 2401
Loc: Croatia
10DEM is almost exactly 5€ (around $6), so, you are not going to get rich on that Better to save them as collectibles. British are still on pounds (and look as if they intend to stay that way), so you should be able to exchange those 60GBP (~$110) somewhere locally.
_________________________
Dragi "Bonzi" Raos Q#5196 MkII #080000376, 18GB green MkIIa #040103247, 60GB blue

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#258908 - 24/06/2005 05:26 Re: Old (pre-Euro) European currency (Germany and UK) [Re: TigerJimmy]
mtempsch
pooh-bah

Registered: 02/06/2000
Posts: 1996
Loc: Gothenburg, Sweden
Quote:
I don't even know what 10 DM is worth, so it might not be worth the bother. On the other hand, 60 pounds is enough to do something about...



Not sure what the germans set the DM/€ conversion at, but 10 DM was about 45-50 SEK back then. 50 SEK today is about €5.25 [edit]Yeah, looks to be almost exactly1€<->2DM, 1.95583 according to this document
The £ should still be good (unless they've had some issue with exchanging notes I have completely missed ) as they (like Sweden and Denmark) haven't converted to €.

[edit] Way too slow this morning
_________________________
/Michael

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#258909 - 24/06/2005 06:46 Re: Old (pre-Euro) European currency (Germany and UK) [Re: mtempsch]
CrackersMcCheese
pooh-bah

Registered: 14/01/2002
Posts: 2489
No, no the £'s are useless. Just send them to me and I'll get rid of them for you.

Nah... you'll have no bother exchanging them into $s. We're still resisting the Euro!

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#258910 - 24/06/2005 07:26 Re: Old (pre-Euro) European currency (Germany and UK) [Re: CrackersMcCheese]
andym
carpal tunnel

Registered: 17/01/2002
Posts: 3996
Loc: Manchester UK
Quote:
No, no the £'s are useless. Just send them to me and I'll get rid of them for you.


Dammit, I wish I'd thought of that!
_________________________
Cheers,

Andy M

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#258911 - 24/06/2005 10:03 Re: Old (pre-Euro) European currency (Germany and UK) [Re: CrackersMcCheese]
Phoenix42
veteran

Registered: 21/03/2002
Posts: 1424
Loc: MA but Irish born
Just as long as there are not Northern Ireland £'s, those are only good for burning.

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#258912 - 24/06/2005 10:52 Re: Old (pre-Euro) European currency (Germany and UK) [Re: Phoenix42]
Geoff
enthusiast

Registered: 21/08/1999
Posts: 381
Loc: Northern Ireland
Quote:
Just as long as there are not Northern Ireland £'s, those are only good for burning.


If anyone has any Northern Ireland £'s, send them to me... I'll burn them down the local pub
_________________________
Geoff
---- -------
Mk1 Blue - was 4GB, now 16GB
Mk2 Red - was 12GB, now 60GB

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#258913 - 24/06/2005 12:52 Re: Old (pre-Euro) European currency (Germany and UK) [Re: Geoff]
Phoenix42
veteran

Registered: 21/03/2002
Posts: 1424
Loc: MA but Irish born
Assuming they don't arrest you first!!!

http://smh.com.au/news/World/54m-bank-ha...l?oneclick=true

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#258914 - 24/06/2005 13:25 Re: Old (pre-Euro) European currency (Germany and UK) [Re: TigerJimmy]
tman
carpal tunnel

Registered: 24/12/2001
Posts: 5528
Any UK coins you've got are still valid as they haven't changed recently but some of the notes might be old style ones which have been taken out of circulation. You just need to take them into a bank to get it changed for a new note. If they're really old then you'd have to make a trip ot the Bank of England in London to get it changed.

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#258915 - 24/06/2005 13:31 Re: Old (pre-Euro) European currency (Germany and UK) [Re: TigerJimmy]
robricc
carpal tunnel

Registered: 30/10/2000
Posts: 4931
Loc: New Jersey, USA
Next time you're in Vegas, take your foreign money. Last time I went I got $160 CAD changed to US dollars (not chips) with no service fee. I imagine they would do the same for Pounds and Euros. Not sure about discontinued currency though.

I have seen money changing services at other casinos around the country, but most seem like they take a service fee.
_________________________
-Rob Riccardelli
80GB 16MB MK2 090000736

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#258916 - 24/06/2005 14:10 Re: Old (pre-Euro) European currency (Germany and UK) [Re: Phoenix42]
Geoff
enthusiast

Registered: 21/08/1999
Posts: 381
Loc: Northern Ireland
Quote:
Assuming they don't arrest you first!!!

Oh, those Northern Ireland notes!
_________________________
Geoff
---- -------
Mk1 Blue - was 4GB, now 16GB
Mk2 Red - was 12GB, now 60GB

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#258917 - 24/06/2005 15:54 Re: Old (pre-Euro) European currency (Germany and UK) [Re: robricc]
TigerJimmy
old hand

Registered: 15/02/2002
Posts: 1049
This is brilliant! Thanks. Thanks to everyone who responded. That's pretty much what I thought. I'll be in Vegas again in a few weeks.

Best,

Jim

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#258918 - 24/06/2005 16:39 Re: Old (pre-Euro) European currency (Germany and UK) [Re: TigerJimmy]
robricc
carpal tunnel

Registered: 30/10/2000
Posts: 4931
Loc: New Jersey, USA
I got my money changed at Treasure Island by the way. They didn't take coins though (not even the $1 and $2 ones).
_________________________
-Rob Riccardelli
80GB 16MB MK2 090000736

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#258919 - 24/06/2005 17:17 Re: Old (pre-Euro) European currency (Germany and UK) [Re: robricc]
ineedcolor
addict

Registered: 10/01/2001
Posts: 630
Loc: Windsor, Ontario Canada
I have a 50,000 Dinar note from the old Yugoslavia...sure wish I could spend it now




Attachments
258512-dinar.jpg (115 downloads)

_________________________
01001010 01101111 01101000 01101110

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#258920 - 24/06/2005 19:20 Re: Old (pre-Euro) European currency (Germany and UK) [Re: ineedcolor]
jimhogan
carpal tunnel

Registered: 06/10/1999
Posts: 2591
Loc: Seattle, WA, U.S.A.
Quote:
I have a 50,000 Dinar note from the old Yugoslavia...

Hey, who is that? She's kinda cute.
_________________________
Jim


'Tis the exceptional fellow who lies awake at night thinking of his successes.

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#258921 - 24/06/2005 19:24 Re: Old (pre-Euro) European currency (Germany and UK) [Re: Phoenix42]
jimhogan
carpal tunnel

Registered: 06/10/1999
Posts: 2591
Loc: Seattle, WA, U.S.A.
Quote:
Just as long as there are not Northern Ireland £'s, those are only good for burning.

Quasi-inexplicable non-sequitur:

My friend is completely redoing his kitchen. Cool new-age stainless appliances. I remarked that his wife wouldn't have anyplace to put the occasional postcard I send them.

We are now conspiring to see if we can get her to go to Costco or Home Depot and ask a salesperson for "some of those special stainless magnets".
_________________________
Jim


'Tis the exceptional fellow who lies awake at night thinking of his successes.

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#258922 - 25/06/2005 02:12 Re: Old (pre-Euro) European currency (Germany and UK) [Re: tman]
hybrid8
carpal tunnel

Registered: 12/11/2001
Posts: 7738
Loc: Toronto, CANADA
See, I like money in Canada.

It's cllearly marked LEGAL TENDER for all debts. It doesn't matter if it's 5 years old, 10 or 20. In or out of circulation. You can still spend it anywhere here. People aren't anal about accepting a ripped bill either. As long as both serial numbers are present, no matter how mangled the money is, it's still worth every penny.

The only time you have to exchange it at a bank is if it's in really rough shape. But walok into any store today with a note from 1955 and unless the clerk is an idiot you won't have a problem.

What you may have a problem with are clerks using ultra-violet light trying to detect counterfeit notes. They've been suckers by the manufacturers of those lights into believing that older (as recent as 3 years) had any special UV marking. They didn't. I've seen store zombies turn down and claim some $50 bills were counterfeit right in front of me (other customer). It only took a split second and one touch of the hand to tell they were real and that the clerk was smoking. Oh well. Not everyone's had the luxury of having worked for a bank and dealt first-hand with fakes.

Bruno
_________________________
Bruno
Twisted Melon : Fine Mac OS Software

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#258923 - 25/06/2005 03:20 Re: Old (pre-Euro) European currency (Germany and UK) [Re: TigerJimmy]
gbeer
carpal tunnel

Registered: 17/12/2000
Posts: 2665
Loc: Manteca, California
Veges, very non discriminatory of them, taking anyones money that is.
_________________________
Glenn

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#258924 - 25/06/2005 14:40 Re: Old (pre-Euro) European currency (Germany and UK) [Re: hybrid8]
drakino
carpal tunnel

Registered: 08/06/1999
Posts: 7868
Quote:
t doesn't matter if it's 5 years old, 10 or 20. In or out of circulation.


It's pretty much the same here in the US. Thats why I find the two redesigns of the $20 in the past several years amusing. The big reasons they say they redesigned the bills is to thwart counterfeiters. But yet nothing is in the way of stopping counterfeiters from just printing up $20 bills from 1975 or something.

I am hoping the new $1 coin becomes more popular then the last one, but I doubt it will. Since it seems the government doesn't want to phase out the bills, people are still going to be more likely to use the bills over the coins. At least most places are used to the $1 coins though, as I have paid with qitue a bit of food with them, since vending machines at work dispenses them as change instead of tons of quarters.

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#258925 - 26/06/2005 05:28 Re: Old (pre-Euro) European currency (Germany and UK) [Re: drakino]
wfaulk
carpal tunnel

Registered: 25/12/2000
Posts: 16706
Loc: Raleigh, NC US
They should encourage the use of the $2 bill, too. Very handy.
_________________________
Bitt Faulk

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#258926 - 26/06/2005 15:31 Re: Old (pre-Euro) European currency (Germany and UK) [Re: drakino]
gbeer
carpal tunnel

Registered: 17/12/2000
Posts: 2665
Loc: Manteca, California
Well the new 1$ coin addresses every issue with respect to telling them apart from other US coins.

The only other reason I can figure, is that merchants don't like them is because of how heavy they are compared to a stack of bills. Think of carrying a couple hundred in ones around when they are coins.

I'm really begenning to believe that the only way the 1$ coin is going to be widely adopted is if the 1$ bill is just taken out of print and circulation.
_________________________
Glenn

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#258927 - 26/06/2005 16:35 Re: Old (pre-Euro) European currency (Germany and UK) [Re: gbeer]
wfaulk
carpal tunnel

Registered: 25/12/2000
Posts: 16706
Loc: Raleigh, NC US
That's a good point about the merchants. Not to mention the fact that many of them may have registers that don't have a slot for an additional coin.

I wonder how British merchants feel about it. They don't have a bill until the £5 note, which is worth over $9. That means virtually all small purchases require nothing but coins. I imagine it saves the government a lot of money in replacing small bills, though. Coins can easily have a lifespan of fifty years. I don't imagine bills generally last for more than ten. I guess that's less important in Britain, though, since they change their currency about every four weeks.
_________________________
Bitt Faulk

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#258928 - 26/06/2005 17:21 Re: Old (pre-Euro) European currency (Germany and UK) [Re: wfaulk]
mtempsch
pooh-bah

Registered: 02/06/2000
Posts: 1996
Loc: Gothenburg, Sweden
Quote:
I don't imagine bills generally last for more than ten.


It appears to actually be less than two [years] - 18 to 22 months for an average 1 dollar bill according to various web sites. Interesting ratios between the denominations:

"The average life of a dollar bill is eighteen months. Five dollar bills last about fifteen months, with twenties remaining in circulation for two years. Ten dollar bills have about the same lifespan as singles do, and the larger denomination bills can last up to eight years."(source)
_________________________
/Michael

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#258929 - 26/06/2005 18:49 Re: Old (pre-Euro) European currency (Germany and UK) [Re: wfaulk]
gbeer
carpal tunnel

Registered: 17/12/2000
Posts: 2665
Loc: Manteca, California
Quote:
That's a good point about the merchants. Not to mention the fact that many of them may have registers that don't have a slot for an additional coin.


Take another look next time you see a regester open.
_________________________
Glenn

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#258930 - 27/06/2005 12:12 Re: Old (pre-Euro) European currency (Germany and UK) [Re: gbeer]
wfaulk
carpal tunnel

Registered: 25/12/2000
Posts: 16706
Loc: Raleigh, NC US
Well, not all registers are the same. I've seen some small ones that have only four slots. And I've seen many people use the fifth slot on registers for other crap instead of coins. Of course, that still precludes you from using half dollars. Not that anyone is really inclined to use half dollars anyway.
_________________________
Bitt Faulk

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#258931 - 28/06/2005 02:55 Re: Old (pre-Euro) European currency (Germany and UK) [Re: wfaulk]
gbeer
carpal tunnel

Registered: 17/12/2000
Posts: 2665
Loc: Manteca, California
Well, I kind or expect we are about due to stop using penneys.
_________________________
Glenn

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#258932 - 28/06/2005 11:02 Re: Old (pre-Euro) European currency (Germany and UK) [Re: jimhogan]
furtive
old hand

Registered: 14/08/2001
Posts: 886
Loc: London, UK
I've had her. She was rubbish
_________________________
Mk2a RioCar 120Gb - now sold to the owner of my old car
Rio Karma - now on ebay...

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#258933 - 28/06/2005 11:18 Re: Old (pre-Euro) European currency (Germany and UK) [Re: furtive]
mlord
carpal tunnel

Registered: 29/08/2000
Posts: 14493
Loc: Canada
Quote:
I've had her. She was rubbish


I agree. Cheap though, could have her for pennies.

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